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Pundit Breaks Down Dogecoin ETFs And What It Means To Invest In Them
Crypto pundit John Carter has weighed in on the growing discussion around Dogecoin ETFs, offering a structured explanation of what such products would actually mean for investors. As interest in crypto-backed exchange-traded funds accelerates, Carter’s breakdown cuts through speculation. He reframes the issue around access, structure, and ownership and the structural trade-offs investors would be making by choosing an ETF over direct exposure.
What Dogecoin ETF Really OffersAccording to Carter, a Dogecoin ETF should be understood first as a traditional financial product, not a native crypto investment. The core value proposition lies in accessibility. Instead of engaging with cryptocurrency platforms, investors would gain Dogecoin exposure by purchasing ETF shares on established stock exchanges using standard brokerage accounts. From an execution standpoint, this places Dogecoin alongside equities and other regulated instruments, making participation frictionless for market participants already embedded in legacy finance.
The breakdown emphasizes that this structure removes several operational hurdles that deter many potential investors. There is no requirement to set up digital wallets, safeguard cryptographic credentials, or navigate security practices unique to blockchain assets. Transactions follow familiar market mechanics, and regulatory oversight introduces a level of institutional comfort absent from most crypto exchanges. In practical terms, the ETF acts as an on-ramp for investors who want price exposure without operational complexity.
However, Carter stresses that this convenience does not equate to owning DOGE itself. Investors are buying shares in a fund designed to track Dogecoin’s performance, not the asset directly. The ETF, not the investor, holds custody of the underlying Dogecoin. This distinction is central to understanding what participation in such a product actually means.
The Ownership Trade-Off The Pundit Warns Investors AboutA key part of the explanation focuses on ownership and control. Carter points out that purchasing a Dogecoin ETF does not grant investors control over private keys. Instead, investors hold units in a fund that controls those keys on their behalf. This places ETF exposure firmly in the realm of indirect ownership.
In contrast, direct crypto ownership requires purchasing Dogecoin outright and taking possession of the private keys that grant access to the blockchain. He underscores that cryptocurrency assets never physically move; what changes is who controls the security credentials.
The pundit frames Dogecoin ETFs as a strategic compromise. They prioritize ease of access, regulatory structure, and portfolio integration, while sacrificing self-custody and decentralization. For investors uncomfortable with managing crypto infrastructure, this may be an acceptable trade. For others, especially those aligned with the original principles of digital assets, it represents a fundamental shift in what it means to “invest” in Dogecoin.
In breaking this down, Carter makes one point clear: a Dogecoin ETF is not about owning DOGE, but about gaining exposure to it through familiar financial rails. Understanding that distinction is essential before making any investment decision.
Fidelity Plans Stablecoin Launch On Ethereum As Digital Asset Strategy Broadens
Fidelity Investments, one of Wall Street’s largest asset managers and a major issuer of crypto exchange‑traded funds (ETFs), has unveiled plans to deepen its presence in the digital asset market with the launch of its own US dollar‑backed stablecoin.
The firm disclosed on Wednesday that it will introduce the Fidelity Digital Dollar, or FIDD, a dollar‑pegged cryptocurrency built on the Ethereum blockchain.
Fidelity Details Rollout Of Its FIDD StablecoinFIDD will mark the firm’s first stablecoin and will be issued by Fidelity Digital Assets, National Association. The company said the token will be available to both retail and institutional investors and is expected to roll out in the coming weeks.
The stablecoin will be supported by the operational and security standards of the Fidelity Digital Assets, which the company says are institutional‑grade and built on more than ten years of research and development in the digital asset sector.
The asset manager emphasized that FIDD will operate as a fully integrated stablecoin offering within its broader financial ecosystem. Management of the reserve assets backing the stablecoin will be handled by Fidelity Management & Research Company LLC.
Investors will be able to purchase and redeem FIDD at a one‑to‑one value with the US dollar through Fidelity Digital Assets, Fidelity Crypto, and Fidelity Crypto for Wealth Managers.
In addition, the stablecoin will be listed on major cryptocurrency exchanges where it becomes available, and holders will be able to transfer FIDD freely to any address on the Ethereum mainnet.
Clearer US Crypto Rules To Roll Out Digital DollarThe move comes as the stablecoin sector continues to expand rapidly, boosted by advancements in regulation under President Donald Trump. Last year, the country passed its first crypto bill, the GENIUS Act, which provides a framework for stablecoins.
Mike O’Reilly, president of Fidelity Digital Assets, said the passage of the GENIUS Act marked a turning point for the industry by establishing clear regulatory standards for payment stablecoins.
He added that the company is launching FIDD at a moment of increasing regulatory certainty, which he believes will help meet client demand, broaden choice in the market, and support the evolution toward a more efficient financial system.
O’Reilly also said the asset manager has long believed in the potential of digital assets and has spent years researching and promoting the role stablecoins can play in modern finance.
As both a leading asset manager and an early mover in digital assets, he said Fidelity is well positioned to deliver on‑chain utility to investors through a dollar‑backed token like FIDD.
Featured image from OpenArt, chart from TradingView.com
Ethereum Co-Founder Buterin Netted $70,000 On Polymarket Last Year, Here’s How
Ethereum co-founder Vitalik Buterin says he made $70,000 trading prediction markets on Polymarket last year, not by chasing hot narratives, but by fading what he calls collective “madness.” The Ethereum co-founder framed the profit as a function of behavioral reflexes in thin, hype-prone markets, and used the conversation to surface a separate concern: oracle fragility in real-world event settlement.
Here’s How Ethereum’s Buterin Netted $70,000In an interview posted by Foresight News reporter Joe Zhou on X, Zhou asked whether Buterin still used Polymarket after being active last year. “Yes, I made $70,000 on Polymarket last year,” Buterin replied. When pressed on sizing, he said his initial investment was $440,000, implying a mid-teens return that sits in sharp contrast to the more common retail experience of getting chopped up by headline-driven probability swings.
Buterin described his playbook as opportunistic mean reversion on sentiment rather than prediction as such. “My method is simple: I look for markets that are in ‘madness mode’ and then bet that ‘madness won’t happen,’” he said.
“For example, there’s a market betting on whether Trump will win the Nobel Peace Prize. Or some markets predict the dollar will go to zero next year during periods of extreme panic. When market sentiment enters this irrational ‘madness mode,’ I bet on the opposite, and this usually makes money.”
When Zhou asked where he tends to focus on Polymarket (crypto, politics, entertainment, economics), Buterin said his attention clusters around politics and technology, and reiterated that the edge, in his view, comes from arenas where participants are “caught up in a frenzy and irrationality.”
The more consequential part of the thread moved from trading style to settlement integrity. Zhou raised the question of informational asymmetries and “advance knowledge”, referencing online chatter around a Venezuela-related market and asked whether Buterin had seen similar dynamics. Buterin steered the answer toward oracle vulnerabilities, citing a wartime contract whose outcome hinged on a narrow operational definition.
He described a market on the Ukraine war that settled based on whether Russia “controlled a certain city,” where the smart contract defined “control” as control of the city’s most important train station. The oracle source, he said, was anchored to Institute for the Study of War (ISW) tweets and maps.
Then came the failure mode: “ISW employees, perhaps by mistake, or perhaps intentionally, hacked their own company’s system; their maps suddenly updated to show that the Russian army controlled the train station,” Buterin said. “This caused something that everyone thought had only a 5% probability (almost impossible) to instantly become 100% in the prediction market. Although ISW retracted the update the next day, the money may have already been paid out.”
For Buterin, the lesson is not merely that prediction markets can be wrong, but that the data supply chain they outsource to can be brittle in ways crypto participants systematically underestimate. “This reveals a huge problem: the security standards of current oracle data sources (such as Web2 news websites and Twitter) are too low,” he said. “They never imagined that a single message they posted would determine the ownership of $1 million on the blockchain.”
Asked how to solve the oracle problem, Buterin sketched two broad approaches. The first is a centralized trust model, effectively designating an authoritative publisher like Bloomberg. The second is token voting, a decentralized mechanism he associated with UMA. Buterin said confidence in UMA has been slipping due to a perceived game-theoretic weakness: if a whale coalition can dominate voting, minority “truth” voters can be punished economically, pressuring participants to mirror power rather than reality.
At press time, Ethereum traded at $3,010.
Coinbase UK Ads Crossed A Line—Here’s What Regulators Said
Coinbase’s colorful ad push has been blocked in the UK after the country’s ad regulator found it crossed a line between satire and risky suggestion, The Guardian reported Wednesday.
What began as a musical-style spot and a set of eye-catching posters is now at the center of a formal ruling that bars the campaign from running in several formats.
Coinbase Ads Found To Trivialize Investment RisksAccording to the Advertising Standards Authority, the adverts used humor about Britain’s cost pressures while hinting that switching to crypto could be a response.
The ASA said that mixing serious real-world worries with a message to “change” risked making a complex, high-risk product look like a simple fix. That judgement was one of the main reasons the campaign was disallowed.
The video at the center of the debate played like a short satirical musical. People danced in grim urban scenes while a catchy refrain ran through the spot.
The ad did not carry the clear risk disclaimers regulators expect for crypto promotions, and Clearcast — which vets TV ads in the UK — had already refused the spot for broadcast for that reason. Posters tied to the same campaign were shown in busy public places before action was taken.
Reaction Has Been SharpReports note that the move sparked a quick reply from Coinbase and from voices online. Coinbase has defended the creative choice, saying the work was meant as social commentary and entertainment rather than a straight sales pitch.
The company said viewers could understand the satire. Some industry commentators argued the refusal to clear the video for TV looked like heavy-handed regulation, while others backed the ASA’s stance on protecting people from unclear financial messaging.
The debate is larger than one ad. Regulators have tightened rules for financial promotions after a string of cases in recent years where risk information was missing or downplayed.
Public bodies in the UK have pointed to the need for adverts to make investment risk clear, especially where the product involved is volatile and not covered by some consumer protections.
Past rulings show a pattern where crypto ads are frequently flagged when they omit strong risk warnings or imply easy gains.
Featured image from Money; Getty Images, chart from TradingView
Theo токенизировала доход от кредитов под залог золотых слитков
Артур Хейс назвал условие выхода биткоина из депрессии
Объем отмытых через криптовалюты денег поставил рекорд
Probe Into Venezuela’s Bitcoin Reserve Confirmed By White House Adviser
Executive director of the President’s Council of Advisors for Digital Assets Patrick Witt said US officials are actively examining how Venezuela’s Maduro regime was financed, including whether any value sits in Bitcoin and “digital assets,” as speculation mounted earlier this month that recent Venezuela-linked actions may have surfaced a large Bitcoin cache. The comments stop short of confirming any seizure, but they place Bitcoin explicitly inside an ongoing national-security review.
White House Adviser Confirms Bitcoin InvestigationIn a CoinDesk interview on Tuesday, Witt was asked whether digital assets were seized and what the US might do with them. Witt declined to provide specifics, citing the sensitivity of the situation, but described an interagency effort scrutinizing potential funding sources tied to the regime.
“Obviously, developing situation down there, still working through it, a lot of national security equities there,” Witt said. “So folks are talking, they’re looking at the situation overall, how the Maduro regime was financed and where some of those assets, whether it’s on the oil side, actual physical commodities or digital assets maybe. So I can’t comment on anything there as of now, but there’s a number of folks in the national security apparatus engaged and looking into that.”
The key takeaway for markets is procedural rather than tactical: Witt did not validate any claim that bitcoin or other tokens were seized, but he did confirm that crypto is being considered alongside commodity-linked value as investigators map financing channels.
The White House caution comes against a viral claim that Venezuela may control more than 600,000 BTC, an assertion amplified by a widely circulated Whale Hunting / Project Brazen newsletter by Bradley Hope and Clara Preve. That piece framed the idea as a thesis driven by intelligence sourcing and circumstantial financial logic, not on-chain attribution.
Subsequent on-chain analysis has emphasized the gap between the headline number and what blockchain analysts can actually prove. DL News reported that forensics firms “have struggled to find any Bitcoin at all held by the regime,” citing Arkham and TRM Labs as saying they had not identified holdings at the scale being claimed.
Skepticism has also centered on the lack of traceable starting points. Fortune quoted Nansen principal research analyst Aurelie Barthere saying the Project Brazen report “does not mention any addresses as a starting point, making it difficult to verify” the speculation.
At press time, Bitcoin traded at $89,285.
Bitget объявила о создании европейского офиса и назначении директора
ABCEX запустила фьючерсы на биткоин и маржинальную торговлю
Steak ’N Shake Boosts Bitcoin Holdings After 18% Rise In Store Sales
Steak ’n Shake said this week that it quietly beefed up its Bitcoin stash as in-store sales jumped. The chain added $5 million in BTC to what it calls a Strategic Bitcoin Reserve, bringing total crypto holdings to roughly $15 million.
Reports say the company pointed to crypto payments as one of the reasons same-store sales rose by 18% so far in 2026.
Steak ’N Shake’s Bitcoin MoveAccording to the brand’s social posts, every crypto payment made at its restaurants goes straight into that reserve instead of being cashed out.
This has let the reserve grow both from customer purchases and from occasional treasury buys. The latest post announced the $5 million top-up after an earlier disclosure that the reserve had been boosted by $10 million in January.
Steak n Shake’s Burger-to-Bitcoin transformation continues.
Today we increased our Bitcoin exposure by $5,000,000 in notional value.
All Bitcoin sales go into our Strategic Bitcoin Reserve.
Our self-sustaining system — improving food quality that grows same-store sales that…
— Steak ‘n Shake (@SteaknShake) January 27, 2026
What The Numbers MeanOn paper, $15 million is small next to big corporate treasuries that hold BTC. Still, for a restaurant chain, it is a visible bet.
Reports note the company began accepting crypto across some locations in May 2025, and it claims that the payment option helped draw a certain kind of customer and cut payment fees. That combination, the company says, helped lift traffic and sales.
Eight months ago today, Steak n Shake launched its burger-to-Bitcoin transformation when we started accepting bitcoin payments. Our same-store sales have risen dramatically ever since.
All Bitcoin sales go into our Strategic Bitcoin Reserve.
Today we increased our Bitcoin…
— Steak ‘n Shake (@SteaknShake) January 17, 2026
Employee Bonuses And PublicityThe crypto story has also been used in staff talk. Steak ’n Shake announced a small BTC bonus plan for hourly workers, paid in BTC and subject to vesting rules.
That move created headlines and some debate, since paying workers in crypto raises practical and legal questions. The chain has been clear about wanting the reserve to support company goals rather than be a quick trading play.
A Practical ExperimentThis is not a tech fad. The company has been running a simple experiment: accept BTC, keep the crypto, and see if it helps sales or loyalty.
Some outlets reported the same-store sales gains as double digits in various quarters last year, and the company’s narrative ties those gains to the crypto program. Independent audits or formal filings that fully confirm the sales-to-crypto link are not yet public.
How Observers See ItAnalysts and market observers have treated the move as an interesting case study. Some see a marketing win; others call it a small but symbolic treasury play.
There are risks: BTC price swings can change the value of the reserve quickly, and operational issues around crypto pay can create friction at the counter.
Still, the chain appears committed for now, and that consistency matters in a crowded retail field.
Featured image from NSU Dining Services, chart from TradingView
Bitcoin Whales Flip From Distribution To Early Re-Accumulation – Details
Bitcoin remains under pressure, struggling to reclaim the $88,000 level as uncertainty and persistent selling continue to dominate market sentiment. Price action reflects hesitation rather than panic, but the inability to attract sustained demand highlights a fragile short-term structure. According to a recent CryptoQuant analysis, on-chain data tracking large holders offers critical context for this weakness.
Data focusing on wallets holding between 1,000 and 10,000 BTC, excluding exchanges and mining pools, points to a clear behavioral shift among whales after an extended distribution phase in late 2025. Following a local peak around mid-2025, aggregate whale balances declined steadily while Bitcoin traded at elevated levels.
This pattern is consistent with distribution into strength, not forced liquidation, suggesting that large holders were reducing exposure opportunistically as price momentum matured.
The 30-day balance change metric reinforces this view. Throughout the third quarter and into early Q4, whale balances repeatedly printed negative monthly changes, even as prices attempted to push higher. This divergence coincided with rising volatility and fading upside momentum, signaling that rallies were increasingly sustained by marginal buyers rather than committed institutional-scale accumulation.
Whale Behavior Signals Early Stabilization After Prolonged Distribution
However, the same report highlights an important shift beneath the surface. Recent on-chain data shows a clear inflection in whale behavior, with both short-term (7-day) and medium-term (30-day) balance changes turning positive. After months of persistent outflows, total whale holdings are no longer declining and have begun to stabilize, gradually recovering from their local lows. This change suggests that large holders are no longer actively distributing into rallies.
Historically, transitions from net distribution to early accumulation tend to emerge during periods of price compression or after corrective phases, rather than near market peaks. The current environment fits that pattern. Bitcoin is trading in a tight range after a sharp drawdown, and volatility has compressed, creating conditions where strategic repositioning becomes more attractive for larger players.
From a broader macro on-chain perspective, the 1-year change in whale holdings remains relatively flat. This indicates that the market has not yet entered a full-scale accumulation regime typically associated with strong bull market expansions. Instead, the behavior observed so far is more consistent with tactical positioning and selective re-entry, rather than high-conviction, long-term buying.
Importantly, whale activity is no longer adding sustained sell-side pressure to Bitcoin’s supply. While this shift does not guarantee an immediate upside breakout, it materially reduces downside risk.
The market appears to be transitioning into a stabilization phase, where the next directional move will depend on whether accumulation meaningfully accelerates or fades at current levels.
Bitcoin Consolidates Around Weekly Demand LevelBitcoin’s weekly chart shows price consolidating just below the $90,000 zone, highlighting a market caught between stabilization and unresolved downside risk. After the sharp correction from the $120K–$125K peak, BTC has entered a broad consolidation range, with recent candles clustering around the mid-to-high $80K area. This zone is increasingly acting as a critical demand region rather than a launchpad for immediate upside.
From a trend perspective, the structure has clearly weakened. Price remains below the 50-period moving average (blue), which has rolled over and now acts as dynamic resistance near the low $90Ks. The 100-period moving average (green) continues to slope upward and currently provides medium-term support just below the current price, reinforcing the idea of compression rather than free fall.
Meanwhile, the 200-period moving average (red) remains well below the price and rising steadily, confirming that the broader long-term uptrend is still intact despite the correction.
Volume dynamics also support a stabilization narrative. Selling pressure has eased compared to the distribution phase seen near the highs, and recent weekly candles show reduced downside momentum. However, the lack of strong bullish follow-through suggests buyers are selective rather than aggressive.
Bitcoin is transitioning into a decision zone. Holding above the 100-week moving average keeps the market in a corrective but constructive phase. Failure to do so would open the door to deeper mean reversion, while a reclaim of the 50-week average would be an early signal of trend repair.
Featured image from ChatGPT, chart from TradingView.com
Tether Officially Debuts USA₮ In First Move Under US Stablecoin Framework
Tether, the issuer of the world’s most widely used stablecoin USDT, has officially launched a new dollar‑pegged cryptocurrency tailored specifically for the United States market.
The token, called USA₮, marks Tether’s formal entry into the US’s new regulated stablecoin space and is designed to operate under the country’s newly established federal stablecoin framework following the passage of the GENIUS Act.
Tether Returns To US MarketThe launch represents a notable shift for Tether, which had previously stepped away from the US market amid heightened regulatory scrutiny. In 2021, the company reached a settlement with the New York Attorney General over allegations that it had misrepresented its reserves, agreeing to pay an $18.5 million fine.
Since then, the stablecoin issuer has largely focused its stablecoin operations outside the United States, while USDT continued to grow into the dominant stablecoin globally.
On Tuesday, Tether confirmed that USA₮ is now available to US users seeking a dollar‑backed digital asset built to comply fully with federal rules.
The rollout follows an announcement made late last year that outlined the token’s structure and revealed the appointment of Bo Hines, former executive director of the White House Crypto Council, as chief executive of Tether USA₮.
According to the company, USA₮ is intended to combine the scale and operational experience behind USDT with a regulatory structure designed to meet the requirements of American institutions.
While USDT will continue to operate internationally, USA₮ has been developed exclusively for the US market, aiming to provide institutions with access to a digital dollar issued through a nationally chartered bank, aligning it more closely with traditional financial systems.
Anchorage And Cantor Fitzgerald’s RoleUSA₮ is issued by Anchorage Digital Bank and has been structured to comply with the GENIUS Act’s federal oversight requirements. Tether said it is working with US‑regulated exchanges and banking partners to ensure broad access across the domestic financial ecosystem.
Cantor Fitzgerald has been named the reserve custodian and preferred primary dealer for USA₮, a role the firm said will provide secure asset management and clear visibility into reserves from the outset.
Paolo Ardoino, Tether’s chief executive officer, said the new token gives US institutions an additional option for accessing what he calls “digital dollars.”
He noted that USDT has demonstrated for more than a decade that “blockchain‑based dollars” can function at a global scale with transparency and utility, and that USA₮ builds on that foundation.
Bo Hines said the launch reflects a focus on meeting regulatory expectations while maintaining stability and transparency. He added that the goal is to support responsible governance and ensure the United States remains at the forefront of dollar‑based financial innovation.
During the initial phase of the rollout, USA₮ will be available through several major platforms, including Bybit, Crypto.com, Kraken, OKX, and MoonPay.
Featured image from DALL-E, chart from TradingView.com
Tether собрала в ядерном бункере крупнейший частный запас золота
Russian Lawmakers Advance Bill For Crypto Seizures In New Regulatory Push
Russian lawmakers have moved forward with legislation that will formally allow the regulation of crypto asset seizures in criminal proceedings, eliminating legal vacuums that complicated previous investigations.
Crypto Seizure Bill Advances At State Duma CommitteeOn Monday, the Committee on State Building and Legislation at the State Duma, the lower house of the Federal Assembly of Russia, advanced a bill to regulate the seizure of crypto assets in criminal proceedings.
In an official Telegram message, the ruling political party in Russia, the All-Russian Political Party United Russia, revealed that the legislation was recommended for adoption in its upcoming third reading.
Although cryptocurrencies are already recognized as property under several laws, their status has not yet been established in criminal procedure laws, the statement noted, which has complicated the investigation of crimes and the enforcement of property claims.
As a result, the recently passed crypto bill is designed to reduce the risks associated with the use of cryptocurrencies in criminal activities, such as money laundering, corruption, and terrorist financing.
To address this, the bill proposes recognizing digital assets as property under the Criminal Code and the Code of Criminal Procedure of the Russian Federation. In addition, it intends to amend the Code of Criminal Procedure with a new article to regulate the actions of investigators upon discovering digital assets subject to seizure.
The legislation will also grant relevant authorities investigating a case the power to seize assets by taking control of physical devices, including servers, computers, and cold wallets, or by transferring the assets to a special address to ensure their preservation. Lastly, it will introduce a mechanism for freezing digital currency for subsequent confiscation or to secure a civil claim.
“The adoption of the law will eliminate the legal vacuum and create effective mechanisms for law enforcement agencies to work with modern digital assets, based on international recommendations and the successful experience of foreign legal systems,” said Pavel Krasheninnikov, head of the State Duma Committee on State Building and Legislation.
Russia Prepares For New Regulatory LandscapeIf approved, the bill would complement Russia’s upcoming crypto framework, which is expected to take effect by July. In December, the Central Bank of Russia unveiled new comprehensive regulatory proposals to enable retail and qualified investors to buy digital assets through licensed platforms in the country.
The new rules will allow non-qualified investors to purchase up to 300,000 rubles annually in the most liquid cryptocurrencies after passing a knowledge test. Moreover, qualified investors will be able to buy unlimited amounts of any digital asset after passing a risk-awareness test.
Under the proposed framework, transactions must be conducted through platforms that are already licensed, including exchanges, brokers, and trust managers, with additional requirements applied to custodians and exchange services.
Additionally, residents will be allowed to buy crypto assets abroad and transfer their holdings through Russian-licensed intermediaries, subject to the necessary tax reporting. Leading stock exchanges, the Moscow Exchange (MOEX) and SPB Exchange, have shared their support for the central bank’s proposed regulatory framework.
As reported by Bitcoinist, the institutions confirmed they are prepared to launch crypto trading services under the upcoming rules as soon as they are enacted. The Moscow Exchange affirmed that it is actively working on solutions to serve the cryptocurrency market, with plans to offer them as soon as the relevant regulations are in place.
Meanwhile, the SPB Exchange also stated that it is prepared to participate in joint efforts to develop the relevant infrastructure within the regulated market, highlighting the Central Bank’s efforts to create “transparent and secure conditions” for crypto trading.
Питер Шифф объяснил Такеру Карлсону бесполезность биткоина
Виталик Бутерин назвал главную причину провала блокчейн-проектов
Логины и пароли 420 000 клиентов Binance слили в сеть
Crypto Victory Ahead? This Senator’s Decision Clears Path For Market Structure Bill Approval
A crucial amendment that was expected to delay passage of the CLARITY Act, also known as the crypto market structure bill, could be scrapped ahead of a vital committee vote this week, potentially simplifying the bill’s path forward.
Senate Crypto Bill Clears Key HurdleAccording to a report by Politico, Senator Roger Marshall of Kansas has agreed not to offer a proposed amendment targeting credit card swipe fees during the Senate Agriculture Committee’s markup of the crypto legislation, scheduled for Thursday, January 29.
Three people familiar with the private discussions said the decision was made over the weekend and could help secure broader backing for the bill from the cryptocurrency industry.
Marshall had filed the amendment just last week, seeking to force payment networks to compete on credit card swipe fees. The proposal closely mirrors the long‑running Credit Card Competition Act, which Marshall has championed for years alongside Senator Dick Durbin of Illinois.
However, in private conversations on Saturday, Marshall reportedly agreed not to bring the amendment forward during the markup, according to those with knowledge of the matter.
Marshall’s swipe‑fee amendment, which is also supported by Durbin and Senator Peter Welch of Vermont, was widely seen as a potential obstacle. Some Republicans who are inclined to support the crypto bill oppose the credit card provision, which would place major financial institutions in direct conflict with large retailers.
Durbin is not currently expected to introduce the amendment himself during the markup, according to a person familiar with the situation, although a final decision has not been confirmed.
Amendments Still LoomThe issue has reportedly drawn attention from the White House as well. Several people with insight into internal deliberations said administration officials became involved out of concern that the swipe‑fee amendment could derail the legislation.
One person described the amendment as something that would have “jeopardized” the bill’s passage, at a time when the White House is pushing for the measure to advance out of committee.
While the Marshall amendment may be off the table, other changes could still emerge. Journalist Eleanor Terrett noted on X (previously Twitter) that several amendments remain under consideration.
These include proposed ethics rules for US officials, a requirement that the Commodity Futures Trading Commission (CFTC) maintain at least four sitting commissioners following consultation with the minority party, anti‑fraud measures targeting crypto ATMs, and limits on participation by foreign adversaries in crypto markets.
Despite two additional weeks of bipartisan negotiations—negotiations that already delayed an earlier planned markup from January 15—the bill remains sharply divided along party lines. So far, only Republican members of the Senate Agriculture Committee have publicly expressed support for the legislation.
Nonetheless, the committee’s latest draft, posted on Wednesday, January 21, has received a positive response from the broader crypto industry. Industry participants have praised the text for providing explicit protections for noncustodial software developers and blockchain infrastructure providers.
The bill is seen as narrowly targeting intermediaries, rather than protocols or end users, a distinction many in the sector consider essential for maintaining innovation.
The draft also excludes provisions that would regulate stablecoin yields, a decision viewed as particularly significant following Coinbase’s recent withdrawal of support for the Senate Banking Committee’s version of the legislation.
Featured image from DALL-E, chart from TradingView.com
XRP Price Pattern Draws Unusual Comparisons To Silver: Analyst
Traders have been looking at a chart that lines up XRP’s major moves with decades of silver data. The match is not perfect. It is, however, striking enough to get people talking about what might happen next. Some see it as a warning. Others see a possible roadmap for big gains.
Silver And XRP In ParallelAccording to chart comparisons shared by market watchers, silver’s long swings since 1980 echo many of XRP’s moves since 2016.
Silver climbed to about $48 in early 1980, crashed to roughly $3.4 by the early 1990s, then drifted for years before a run toward $50 in 2011.
XRP, on a far faster clock, pushed to highs above $3 in 2018, fell sharply into 2020, recovered, then found a new peak in late 2024.
The shapes on the charts — rises, deep drops, long quiet stretches — look similar. That resemblance is what’s being discussed.
The time guide we follow, the White Rabbit, is the event itself, which will point out the treasure!
A nova flash, getting closer. pic.twitter.com/eAqAfZXEo7
— Dark Defender (@DefendDark) January 26, 2026
What The Numbers ShowReports say silver has jumped roughly 278% since 2025, sitting near $109 per ounce in recent sessions. Gold has also moved, trading above $5,000 per ounce as investors seek safety.
Those metal moves have pulled attention back to assets that follow big macro flows. XRP, currently trading around $1.90, is much smaller and far more volatile than either metal, so any similar move could be much larger in percentage terms, but it would likely be sharper and riskier too.
History Moves At Different SpeedsSilver’s shifts played out over many years. XRP’s similar pattern appears compressed into a few market cycles. That is important. Time matters in markets because long pauses can build a stronger base, and quick cycles can spark fast moves that reverse just as fast.
Reports have disclosed that some traders believe crypto cycles keep pace with liquidity and headlines; metals react more to reserve flows and long-term real rates. Both effects can push prices hard, but they do so at different paces.
Risk And Reward In Plain SightIf XRP keeps following this pattern, a large upswing could follow a breakout. At the same time, the pattern is no guarantee. Price moves have many causes. Legal shifts, big fund flows, and macro shocks can all change the path.
XRP has shown it can fall far and recover in dramatic ways. That playbook brings opportunities but also steep pain for those who buy late or hold through violent swings.
Where Traders Might Look NextAccording to some analysts, key levels from past cycles will matter. Support near recent lows could act as a floor; fresh inflows into crypto or a rotation out of metals might be the trigger for a large move. Volume, broader market risk appetite, and where big holders place their bets will all be watched closely.
Featured image from CoinFlip, chart from TradingView
